The Bankruptcy of The United States. United States Congressional Record, March 17, 1993 (note date)Vol. 33, page H-1303

The Speaker is Rep. James Traficant, Jr. (Ohio) addressing the House:

“Mr. Speaker, we are here now in chapter 11… Members of Congress are official trustees presiding over the greatest reorganization of any Bankrupt entity in world history, the U.S. Government. We are setting forth hopefully a blueprint for our future. There are some who say it is a coroner’s report that will lead to our demise.

It is an established fact that the United States Federal Government has been dissolved by the Emergency Banking Act, March 9. 1933. 48 Stat. 1. Public Law 89-719: declared by President Roosevelt, being bankrupt and insolvent. HJR 192, 73rd Congressional session, June 5, 1933 – Joint Resolution to Suspend the Gold Standard and Abrogate the Gold Clause dissolved the Sovereign Authority of the United States and the official capacities of all United States Governmental Offices, Officers, and Departments and is further evidence that the United States Federal Government exists today in name only.

The receivers of the United States Bankruptcy are the International Bankers, via the United Nations, the World Bank and the International Monetary Fund. All United States Offices, Officials, and Departments are now operating within a de facto status in name only under Emergency War Powers. With the Constitutional Republican form of Government now dissolved, the receivers of the Bankruptcy have adopted a new form of government for the United States. This new form of government is known as a Democracy, being an established Socialist/Communist order under a new governor for America. This act was instituted and established by transferring and/or placing the Office of the Secretary of Treasury to that of the Governor of the International Monetary Fund. Public Law 94-564, page 8, Section H.R. 13955 reads in part: “The U.S. Secretary of Treasury receives no compensation for representing the United States?’

. . . Their lust is for power and control. Since the inception of central banking, they have controlled the fates of nations. . . . The Federal Reserve System is a sovereignpower structure separate and distinct from the federal United States government.

. Prior to 1913, most Americans owned clear, allodia title to property, free and clear of any liens or mortgages until the Federal Reserve Act (1913) “hypothecated” all property within the federal United States to the Board of Governors of the Federal Reserve, -in which the Trustees (stockholders) held legal title. The U.S. citizen (tenant, franchisee) was registered as a “beneficiary” of the trust via his/her birth certificate. In 1933, the federal United States hypothecated all of the present and future properties, assets and labor of their “subjects,” the 14th Amendment U.S. citizen, to the Federal Reserve System.

In return, the Federal Reserve System agreed to extend the federal United States Corporation all the credit “money substitute” it needed. Like any otherdebtor, the federal United States government had to assign collateral and security to their creditors as a condition of the loan. Since the federal United States didn’t have any assets, they assigned the private property of their “economic slaves”, the U.S. citizens as collateral against the unplayable federal debt. They also pledged the unincorporated federal territories, national parks forests, birth certificates, and nonprofit organizations, as collateral against the federal debt. All has already been transferred as payment to the international bankers.

Unwittingly, America has returned to its pre-American Revolution, feudal roots whereby all land is held by a sovereign and the common people had no rights to hold allodia title to property. Once again, We the People are the tenants and sharecroppers renting our own property from a Sovereign in the guise of the Federal Reserve Bank. We the people have exchanged one master for another.

This has been going on for over eighty years without the “informed knowledge” of the American people, without a voice protesting loud enough. Now it’s easy to grasp why America is fundamentally bankrupt.

Why don’t more people own their properties outright?

Why are 90% of Americans mortgaged to the hilt and have little or no assets after all debts and liabilities have been paid? Why does it feel like you are working harder and harder and getting less and less?

We are reaping what has been sown, and theresults of our harvest are a painful bankruptcy, and a foreclosure on American property, precious liberties, and a way of life. Few of our elected representatives in Washington, D.C. have dared to tell the truth. The federal United States is bankrupt. Our children will inherit this unpayable debt, and the tyranny to enforce paying it. America has become completely bankrupt in world leadership, financial credit and its reputation for courage, vision and human rights. This is an undeclared economic war, bankruptcy, and economic slavery of the most corrupt order! Wake up America! Take back your Country.”

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Editor’s note:

In 2002, Traficant was indicted on federal corruption charges for taking campaign funds for personal use. Again, he opted to represent himself, insisting that the trial was part of a vendetta against him dating to his 1983 trial. On April 15, he was convicted of 10 felony counts including bribery, racketeering, and tax evasion. In order to get a conviction the prosecution

refused him witnesses, made deals with men who committed more serious crimes for their testimony and as one witness now admits, goaded false testimony out of their witnesses.

In March 2004, the Federal Bureau of Prisons moved Traficant to the Federal Correctional Institution, Ray Brook. As of July 2007, the Federal Bureau of Prisons listed Traficant at the Federal Medical Center, Rochester, an administrative facility providing specialized mental health services. Traficant has taken up artwork while in prison. Readers may write to Jim at:

I have been asked by several close friends to publish the information I have found to be useful in my pursuit of freedom in America. I will include references to the US congressional record and a lot of alternative history. You see, what your public education taught you about the ... Continue reading →